Opinion: Why was I called a “cruel psychopath” for my comments?
I want to share with readers about a conversation I had with another Medium writer last weekend. The article is called “BRICS Emerged to Survive, Not Challenge US Hegemony” by Corinne Nita (the writer’s profile photo on Medium looks like it was copied from a previous Tinder profile, but I guess the content is worth reading). I had already tossed back a couple of beers before reading this article last weekend. But I stand by my comment anyways. Here it is: What else can they do for the global economy? Countries have to find a way to make money. Options are very limited; natural resources are where all of the government subsidies are allocated because there are real returns on investment. Don’t blame other governments; it’s the Global South who does it to themselves!
The US and Europe impose tariffs and subsidies yet force resource-rich countries to remove protections. US interest rates influence global currencies, increasing foreign nation’s import costs and decreasing export prices. The Global South pays more for less and vice versa for the US, enabling excess consumption for Americans who have a disposable income (the Global North is responsible for 92% of carbon dioxide emissions in excess of the planetary boundary).
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